Page 166 - Commodity News

Oil prices slip before OPEC+ resumes meeting on February output levels

Oil prices edged down before deadlocked talks between major producers about potential changes in February output are set to continue later in the day

Oil little changed as investors await OPEC+ decision on February output

Oil prices were little changed after OPEC and allied producers, including Russia, continued deadlocked talks on February output while fuel demand concerns lingered on amid new Covid-19 lockdowns

OPEC+ deadlocked over raising oil output, to resume talks on Tuesday

OPEC+ will resume talks after reaching a deadlock over February oil output levels as Saudi argued against pumping more due to new lockdowns while Russia led calls for higher production

Gold price today at Rs 53,520 per 10 gm, silver trending at Rs 70,300 a kg

In New Delhi, the gold price of 22-carat gold is at Rs 49,070 per 10 gm, while in Chennai it fell to Rs 48,150

Oil prices touch multi-month highs as OPEC+ expected to hold output

Oil prices touched multi-month highs on expectations that OPEC and allied producers may cap output at current levels in February as the pandemic keeps worries about first-half demand elevated

Gold prices scale eight-week high as tighter lockdown measures loom

Gold started 2021 on a high by notching an eight-week peak after surpassing the key $1,900 level, as a surge in Covid and prospects of tougher control measures lured investors to the safe-haven metal

Oil dips after OPEC warns of downside risks to demand in first half of 2021

Oil prices dipped on Monday, the first day of 2021 trading, ahead of an OPEC meeting to discuss output levels for February with fears for first-half demand seeping into the market as pandemic lingers

Gold caps its best year in a decade with the dollar on the ropes

Bullion hit a record in August as investors feared an unprecedented wave of stimulus by central banks and governments would lead to currency debasement and inflation

Gold price today at Rs 53,300 per 10 gm, silver trending at Rs 68,400 a kg

In New Delhi, the price of 22-carat gold is at Rs 48,850 per 10 gm, while in Chennai it fell to Rs 47,240

Commodity markets to end 2020 on strong note with vaccine, stimulus news

Global commodity markets are poised to end 2020 on a strong note, with recovering demand and widespread stimulus packages buoying prices after a roller coaster ride caused by the coronavirus pandemic

Gold set to wrap the year with best performance in a decade with 24% rise

Gold prices fell on Thursday as hopes for an economic recovery next year increased risk appetite, although the precious metal was set to wrap up the year with its best performance in a decade

Oil set for 20% drop in 2020 as coronavirus lockdowns weigh on economy

Global crude oil markets have lost about a fifth of their value in 2020 as strict coronavirus lockdowns paralysed much of the global economy

Trading strategies for Natural Gas and Aluminum by Tradebulls Securities

After taking support at 200 DMA, natural gas made bullish candle indicating bulls trying to stage comeback

Gold price today at Rs 53,300 per 10 gm, silver trending at Rs 68,400 a kg

In New Delhi, the gold price of 22-carat is at Rs 48,850 per 10 gm, while in Chennai it fell to Rs 47,120

Dollar lifts gold amid worries over US Covid-19 relief payments delay

Gold inched higher on Wednesday as the dollar eased, while investors weighed a top US Republican leader's decision to postpone a vote on increased pandemic relief payments

Gold price today at Rs 53,240 per 10 gm, silver trending at Rs 68,200 a kg

In New Delhi, the gold price of 22-carat is at Rs 48,810 per 10 gm, while in Chennai it fell to Rs 47,160

Gold price gains on softer dollar; US Senate pandemic aid vote eyed

Gold inched higher on Tuesday as a softer dollar underpinned the metal, with market participants looking forward to a US Senate vote on increased pandemic aid

India gold discounts widen, Singapore demand up on festival buying

Physical gold discounts rose in India this week as buyers remained on the sidelines, while demand in Singapore and other Asian hubs ticked up as buyers took advantage of lower prices ahead of holidays

Gold price today at Rs 51,610 per 10 gm, silver trending at Rs 67,600 a kg

In New Delhi, the gold price of 22-carat is at Rs 48,790 per 10 gm, while in Chennai it fell to Rs 47,310

Gold gave 24% returns to investors in CY20, the highest since 2011

As global economies passed through one of their worst phases because of Covid, investors sought refuge in safe-haven assets, such as gold